SUMMARY OF CYPRUS SECURITIES AND EXCHANGE COMMISSIONS ADMINISTRATIVE FINES

SUMMARY OF CYSECs ADMINISTRATIVE FINES TO REGULATED ENTITIES

Law 87 - Failure to provide accurate information during the application process 

Up to 5 years of imprisonmwent and or Euro 700,000 of administrative fine

AIFs - Infridgement / failure to provide accurate information during the applicatiomn process

Administrative fine of Euro 350,000

Anti Money Laundering Regulations - Administrative fines are as follows:

• Individuals - up to Euro 700,000
• Banks - up to Euro 5,000,000

Prospectus Law - Failure to issue a prospectus before issuing securities (if applicable as certain exemptions apply)

Administrative penalty of Euro 700,000

Insider Dealings, Market Abuse and Insiders Lists

In this scenario CySEC may issue the highest administrative penalty up to 3 times the gains or losses gained!